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Management's Dipec Plastics deal
Dipec Plastics, a manufacturer of bespoke plastic products for clients, including a TV sci-fi series and a British artist, has been bought by its management. The MBO by Jason Callow followed the decision of founder and managing director Paul Robinson, to retire.
The £140,000 funding was secured from Finance Wales, while Entrepreneur Action and SRBlegal advised Callow on the deal.
Liz Hitchings, partner at SRBlegal, acted for the purchaser. She said: “I was introduced to the purchaser by BPU Chartered Accountants, which prepared the forecasts and auditors report for the financial assistance aspects of the deal.
“The purchaser was looking for a local commercial law firm with which they could continue a relationship post-completion, so SRBlegal was an obvious choice.”
SRBlegal’s team of experts is equipped to deal with everything your business will need from a law firm. We understand what businesses require of their lawyers and provide a broad range of services from a results-based debt recovery service to mergers and acquisitions advice. Our services are divided into six main categories – Corporate & Commercial, Dispute Resolution, Financial Services / SSAS & SIPP advice, Employment, Commercial Property & Executive Support.
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